US Customs Ends Regulatory Hold-Up on Chinese Bitcoin Miners – Will This Impact BTC?

The European Union markets in the Assels Crypto-Assets Regulation have introduced a comprehensive framework to monitor the security of the cryptocurrency sector. Bitcoin miners can now continue to secure the network without additional reporting requirements, which could have complicated their business models.The European Securities Authority and [...] Entry The new EU rule relieves Bitcoin miners of strict cryptography compliance was first publi…

US authorities release thousands of seized cryptominers

Authorities in the United States have started releasing thousands of Chinese-made cryptominers originally seized at ports nationwide by the U.S. Customs and Border Protection Agency. Reuters originally reported on Wednesday that the enforcement actions came about regarding wider issues involving Chinese technology in sensitive sectors, and were ramped-up due to trade tensions due to the United States’ tariffs on China, and other countries. The a…

US customs may have thought Bitcoin miners were radio frequency devices: Luxor - TECHTELEGRAPH

US Customs and Border Protection (CBP) authorities may have mistakenly seized thousands of Bitcoin miners under the impression that they were illegally imported radio frequency devices. Thousands of Chinese-made Bitcoin (BTC) miners had reportedly been seized at US ports of entry since around September and only began being released again as of a few weeks ago.   The CBP’s move to seize the Bitcoin miners came at the request of the US Federal Com…

US Customs Ends Regulatory Hold-Up on Chinese Bitcoin Miners – Will This Impact BTC?

The US authorities reportedly released thousands of Bitcoin mining equipment seized last year; however, tens of thousands of units are still stuck.  Several reasons have been given for the seizure, including the reports that they contained AI chips from a now-restricted chip company. The US authorities have started releasing Chinese-made Bitcoin mining equipment that was seized last year. According to Taras Kulyk, the CEO and co-founder of crypt…

US Customs Begins Releasing Seized Cryptocurrency Miners Amid Industry Pressure - CryptoShrypto

U.S. Customs and Border Protection (CBP) has begun releasing thousands of cryptocurrency mining rigs that had been previously seized at various ports across the country. The equipment, primarily sourced from China, was initially detained due to concerns over radio frequency emissions and the use of chips from Sophgo, a Chinese semiconductor company facing trade restrictions. At the height of the seizures, reports suggest that nearly 10,000 minin…

Key points of the news Partial release of seized equipment: U.S. Customs has begun to release thousands of Chinese-made Bitcoin mining machines, mainly ASICs Antminer, while many units remain withheld. Regulatory concerns at stake: Seizures, caused by FCC concerns about radio frequency emissions and restricted Chinese AI chips, underline perceived prejudices against Bitcoin mining. Wider geopolitical implications: This action reflects current te…